Thinking about swapping your truck for an EV to avoid high fuel prices? Think twice.
CNET (4/29/22) reports: "But despite their considerable advantages, EVs still aren't for everyone, and they don't always make the most economic sense. If you tow earth-moving equipment or haul gravel for a living, you're probably going to want a heavy duty diesel-powered pickup, because today's EVs aren't going to cut it. Likewise, if you reside in an apartment and don't have a parking space, much less a garage with a Level 2 charger, an electric vehicle may be a hard sell. But what if you're looking for relief from high fuel prices? EVs cost way less to 'refuel,' though they are often quite expensive upfront... At the end of the day, there are plenty of great reasons to get an electric vehicle, but if you're thinking about swapping your internal combustion-powered car or truck for a new EV just to save money at the pump, make sure to do the math first -- especially if your current ride is paid for -- because plugging in and making a change may not make economic sense for you, even with fuel prices in the stratosphere."
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"There’s been a recent, misguided push to expand the Fed’s mandate to include broader social issues, such as racial justice and climate change. This is a terrible idea. After more than 100 years of trial and error—with a lot of error—the Fed still can’t handle basic monetary policy! Yet asking the Fed to take on additional roles is increasingly popular among a subset of bureaucrats and academics who want to do an end run around the Fed’s Congressionally-directed objectives."
– Alexander William Salter, AIER
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